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. >>> investors are bracing for the final eurozone bond sale of the year. italy will sell up to 6 billion later today. >> and the yen has been sent lower and stocks to their highest level in 21 months. >>> this is the final "worldwide exchange" from london of the year. louisa is here for it. >> i can't believe it. it's my last working day of the year, as well. >> is it? >> yes. >> unfortunately we'll still be talking about the same thing we're talking about now. >> although i feel we'll be talking more debt ceiling, as well. >> and speaking of which, president obama is trying a last ditch effort to restart budget talks days before the u.s. goes over the fiscal cliff. speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling his members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. harry reid says prospect deals by monday are unlikely. minority leader mitch mcconnell says there's still time for an agreement. >> republicans aren't likely to sign a blank check just because we fin
an eye on it, it is falling a little bit. 1.95% after a soft set of uk retail sales figures. spain, italy, moving higher, but not too much of a move there. 5.3%. and 4.4 for italy. now, forex rates, the euro/dollar and the yen has been in focus still in the last several trading sessions and that continues today. 1.3230 is the level. the yen, though, is giving back about .5% after the bank of japan's quantitative easing plans, pretty much flecting a buy the rumor, sell the fact move. now, house republicans plan to bring their tax bill to a floor vote today. this as tensions over the white house over the fiscal cliff have started to rise. it's unclear what the bill, known as plan b, will look like. house speaker john boehner has reportedly added spending cuts to convince members it will be worth the vote. president obama has threatened to veto the bill. the president says he's puzzled by what's holding up budget talkes and that house republicans should stop trying to score a point against him. >> take the deal. you know, they will be able to claim that they have worked with me over the last
roughly speaking in the likes of italy and france and actually grew for germany. then in q4, it seems that there is a greater degree of destocking i think, materializing. i think that is going to lead to some weakness on the industrial production side and it does appear that the austerity is very much perceived by household and by service sector companies. and that explains this relatively soft data. it's a sign that really we are still in a period of multi-year major fiscal entrenchment and at the same time, we have a very cautious perspective towards taking on debt. both by the suppliers and the demanders of that debt. >> julian, very briefly, will we see more qe? will we see any more next year or not? >> well, it will depend, i think, on how things develop. on our baseline forecast, the answer to that would be no because we are looking for recovery coming through really reasonably significantly from the first quarter of next year with .4% quarter on quarter. >> julian, thanks for that. always good to see you. julian kelly joining us from barclays. which country is more corrupt and
. >> the original [ inaudible ] in italy, the corporatist party. >> correct. correct. >> stephanie: exactly. oh by the way, greg writes about reince preibus, gym! >> reinholt reince prebus! [ dog barking ] >> i never thought we would use that sound bite. >> stephanie: they want more debates next time because it makes their candidates look really bad -- >> because we look bad when people here about our ideas. >> stephanie: greg says for jim, now know who else wanted less debates? >> hitler. [ bell chimes ] [ applause ] >> stephanie: hitler. greg you don't need to set jim up. joe in lockport hi joe. >> caller: hi steph. >> stephanie: hi. >> caller: this call is for jacki though. >> oh jacki it's for you! >> stephanie: phone! >> coming! what is up? >> caller: would the premium be for medicare if we all paid it out of our pocket? >> it would be much higher than what you pay now because medicare is regulated in a way that the private insurance market isn't regulated. so it's a percentage of what the private insurance market pays. people complain that medicare rates for doctors, for
around the world in socialist countries. yes, italy is a socialist country, as is every country in the world, the united states of america where the movement toward marge equality is far less sociallistic than many countries where it is mayis mak little or no progress and the guys who have taken a life time vow have proven again that they know nothing about marriage. and they prove that they don't know much about socialis many either. copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure
. the catholic church wants to pretrend it has thrived around the world in socialist countries. yes, italy is a socialist country, as is every country in the world, the united states of america where the movement toward marge equality is far less sociallistic than many countries where it is making little or no progress and the guys who have taken a life time vow have proven again that they know nothing about marriage. and they prove that they don't know much about socialis many either. [ laughter ] smoke? nah, i'm good. ♪ [ male announcer ] every time you say no to a cigarette, you celebrate a little win. nicoderm cq, the patch with time release smart control technology that acts fast and helps control cravings all day long. ♪ quit one day at a time with nicoderm cq. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. ♪ [ male announcer ] this is karen and jeremia
and see what's happening in countries like greece and italy and spain and ireland have these massive debt. now we cannot repay them, massive interest-rate increases, you and i have talked about this before. but shame on us for not realizing that we stay on this path, we are in real financial trouble. gregg: stephen moore, economics writer for "the wall street journal." on her way to the fiscal cliff. thank you very much. heather: russian president vladimir putin accused of playing politics with the lives of orphans. signing a bill banning americans from adopting russian children. bad news has left dozens of american families heartbroken. amy kellogg is live in london with details. reporter: heather, one russian activist says that every member of the russian parliament voted for this measure should be obliged to adopt a russian child of his or her own. there are 700,000 russian children who need a home. only 18,000 russian families who signed up to adopt. this new law was named after a russian baby that died in the custody of his american adoptive parents. he was neglected. but it is reall
class today. italy around the 4.5% level. we've seen these predominant for several weeks and likely a quick check on forrus. the yen, an important one to keep an eye on, as well. dollar/yen firmer, continuing the patterns that we've seen over the last couple of trading sessions. for more on what to expect from markets today, we're joined by chris meyer, managing director and chief strategist from loop capital markets. chris, good morning. we wake up without a deal. what does that mean? what are you watching today? >> good morning, kelly. the thing i'm watching most specifically is the vix. i think the vix is the most distilled measure of risk that we have in the marketplace right now. we've noticed that the vix has gone from a fairly low range of 12 to 14. we're up over 20 now, which to me is an area of concern. if we begin to move higher, once again, i think we should watch out for market-based effects. >> we have, as you mentioned, started to see that outperformer. it's interesting in a year when the vix is tamed we haven't seen more volatility. in fact, as you look out at some of
? coming from italy and spain. are you concerned at all that it will dig into your maagins? >> i am not. has been around for a long time. % go, you know, it is a lower effervescent sparkling, and it's from italy. i just don't think it's tapping into our market all. i say that because we are up to tremendous this year. cheryl: well said. breaking news coming out of washington. great to have you on the show. happy new year. i want to bring in diane, as we do every 15 minutes. we are getting some news coming out of washington. the dow jones jumping right now. up 70 points right now. >> reporter: that's right. session highs. the dow up 73, nasdaq about 35, the s&p up almost 12 points after seeing it fairly flat, searching for direction all morning. keep in mind, five straight losing sessions for the dow, trying to stave off that losing streak here on hopes of of this bill cliff still coming through, also taking a look at pfizer and bristol-myers today, the fda approving a cholesterol fighting drug from both companies. those are both up. bristol-myers up one and a half%. pfizer up just sligh
or french or italian you remember from high school. say you are in italy and you see formaggio marcio on the menu. and no, i have no idea if i pronounced it right, that's why i need an app. so you think this is a cheese and it is a cheese, a cheese with live maggots in it. a civilian delicacy, but one you did not mean to order. if only you knew what it meant. there is a menu app for policy. there is one at the washington post, sorry, i have to do my plug. you may have heard a term floating around washington, tax reform. when politicians get specific, quote, base rodding and he rate reform. it is bieber and honey boo boo and gangnam style all rolled into one. >> when ronald reagan ran for office he laid out the principles he was going to foster. he said would he lower tax rates. he said would he broaden the base. those are my principles. bring down rates. broaden the base. simplify the code. and create incentives for growth. >> we're willing to accept some additional revenues via tax reform. simpler, cleaner, fairer tax code with fewer loop holes and rates for all. >> in simpson-bowles
to bring back jobs to indiana. that makes a difference. i'm bringing jobs from italy and other places. and nobody asks about right to work. give me a break. the unions helped create the middle class. everybody knows it. the fact is that right-to-work states have worse education. they have worse performance, they have higher unemployment. the facts just don't back the governor up. this is a governor that prides himself on having the facts. >> uaw president bob king blamed the koch brothers for helping ram through this legislation. do you believe that? what role did the koch brothers, if any play in all of this? >> it's hard for me to know. i think there is a lot of big money involved. i see this prosperity america. i think that's their outfit. i see equipment and tents and so on. how much big money is flowing around, i don't know. i think they're all over. ed, you have been on this before. we have to get the big corporate money out of politics. this is disgusting. this is a bastardization of our democracy that is taking place. i tell you, democracy is under attack. we have to get the b
. in italy, two americans were among 32 passengers killed when the costa concordia sank and the captain abandoned ship. the pope made a historic visit to mexico and cuba despite his frail health, the 85-year-old even began tweeting. across europe, anger over the failing economy spread as millions protested government budget cuts. ecuador granted asylum to wikilocations founder assange. if he takes one step out of this british embassy, they will arrest him. he faces sexual assault allegations in sweden and claims the u.s. wants to extradite him to face spy charges. team usa cammured 46 gold medals at the summer olympics in london. britain celebrated queen elizabeth's 60 years on the throne. and prince william and his wife kate announced a royal baby is on the way. en toa krause, cbs new -- tina krause, cbs news, london. >>> this new year's day marks 150 years for one of america's most famous pieces of history. >> the emancipation is ready to make an appearance. next. ,,,,,,,,,,,,,,,,,,,, the slaves was signed by abm lincoln 150 years ago. it wt anuary 1st, 1 . >>> a rare look at the eman
in spain, italy, and great britain. ashley: corporate earnings, signs of weakness in the last earnings season. concernedded about that? >> i think that it's cyclical. i think there's been little signs. i think we have to get employment together in the united states. housing is starting to come back. we're -- slowly, but in the north east in particular, there's more demand, and there's less housing inventory, but in the rest of the country, we have to wait and see on that. employment is really, really the key thing, and so what comes out of all the negotiations and how we employee people, infrastructure, and all of that makes a difference. ashley: companies hunkering down, a lot of cash, but not doing in until washington gets the act together. >> means technology, for example, could be a big sector. if companies get signals from washington and go out and invest into hiring people, putting technology online, it could be great, but we're just waiting and waiting and waiting, which is why it's a cliff hanger. ashley: cliff hanger, i'm tired of saying "fiscal cliff. i'll use "cliff hanger."
a greece, too extreme, but i would say italy. holy irresponsible for any republican member of the house of representatives to vote for the package that mitch mcconnell is negotiating on their behalf without their leaders present. it is a ridiculous package. it does not work, and it will solve our long-term debt problems. gerri: i never have to guess at what you think. you are always clear isabela and entertaining. thank you for coming out tonight. have a great new year. >> happy new year. gerri: no votes in the house tonight. meanwhile, we go off the cliff tomorrow. it does not applicable be a happy new year. our political panel place the blame game next. ♪ [hip-hop music] ♪ - ♪ what's wrong with the world, mama ♪ ♪ people livin' like they ain't got no mamas ♪ ♪ i think the whole world's addicted to the drama ♪ ♪ only attracted to the things that'll bring the trauma ♪ ♪ where is the love - ma'am. - [gasps] - you forgot your purse. - oh. thank you. thank you very much. gerri: fiscal stiffed. that is of americans feel after congress failed to reach a deal on taxes an
doesn't have enough bonds to make a difference is about .5%. portugal at 7 and italy at 4.5. the point is that whether or not you or s&p or anybody else downgrades the united states is there a danger that it becomes substantially more expensive for the u.s. to borrow money any time in the future? >>. >> a lot of the borrowing costs have been masked by the purchases by the federal reserve bank, they purchase about 75% of what the treasury has issued over the past year. the bigger challenge for a lot of institutional investors with regard to the credit quality of the u.s. is entitlement reform. the unfunded liabilities are in the area of $100 trillion. depending on what type of interest rate or discount rate you use for the future liabilities. >> that's something that we have some time to address. more important than the immediate deficit reduction for a lot of institutional investors, including ourselves. >> i'm going to take it over to jim for a second. jim your firm manages money for individual and institutional investors. what have they been doing ahead of the fiscal cliff. >> good l
that was in terrible shape to begin with and i think you have a lot of austerity fatigue going on spain, italy, portugal, certainly greece. so you have those economic woes. the euro is not going to thrive and it may survive thanks to the ecb, but you're not going to get that economy to thrive, and the fiscal union ask those are very slow going and though they may be moving quickly by european standards and i've been given the magnitude of the problem going very slowly. >> how should people be thinking about this? the average american, and they've been hearing about it for so long and they're not sure it will affect their pocketbook. do you think they will? >> and there's this incredible chance that greece will leave and the dominos will begin to fall. i think that's unluikely to happen as long as the ecb is willing to support that currency, but will it thrive? will those economies boom? i don't think so, i think it will be another year of recession and you will find individual opportunities and the stock picker's market and far as it's a strong growth, they're not there yet. >> thanks so much
to bring jobs back to indiana. i have been around. i'm bringing jobs from italy and other places. and nobody asks about right to work. give me a break. the unions helped create the middle class. the fact is that right to work states have worse education. they have worse performance, higher unemployment. the facts just don't back the governor up. this is a governor that prides himself on having the facts. >> bob king blamed the koch brothers for helping ram through this legislation. what roeld role did they play in any of this? >> there's a lot of big money involved. i see this prosperity america. that's their outfit. i see equipment and so on. i don't know how much money is flowing around. i think they are all over. you have been on this before. we have to get the big corporate money out of politics. this is disgusting. i tell you democracy is under attack. we have to get the big corporate money out. it's disgusting to think the koch brothers money can make it happen. working people are under attack. i believe there will be repercussions. >> in what way? >> the governor is making
to address the climate crisis. it is all over the world. venice, italy is flooded. a tornado in italy the other day. japan just had another tsunami. the disaster of sewage and leaks. the climate apex for a meeting was just a in dubai. they came to the conclusion that climate change is over use of fossil fuels and natural gas and oil. the amount of fossil fuels utilize by countries with huge populations such as india and china. we need energy, but we need to move onto clean energy. that is one of the president's priorities. he can create a whole new infrastructure that replaces the military industrial that eisenhower warned us about. host: thank you for the call. speaking along the lines of the environment and the epa. there is this -- from "to the boston globe" -- this from "the l.a. times" -- from "the gazette" in colorado -- our question for you is, what the think the president's no. 1 priority should be? just is joining us on the democrat line. caller: good morning. it was a little bit of serendipity that you read the editorial from "the new york times." i believe the first priorit
into another recession. thirty-two people dead, including two americans off the coast of italy. when the cost of concorde a cruise ship runs aground >> more than 79 people killed and 8000 injured. a district court says that they would like to oust president hosni mubarak to life in prison. and mohammed morsi, of the muslim brotherhood party takes charge for it in november, he grants himself absolute power that brings thousands of protesters to the streets of cairo, egypt. three members of a russian all-female punk band stage a protest against vladimir putin are sent to jail for hooliganism. inciting worldwide protest and demand for the release. rupert murdoch launches into the successor role of news of the world. president bashar al-assad and a cease-fire agreement, negotiated by former u.n. secretary. tens of thousands of people killed since march of last year. the death toll continues climbing almost daily. green on blue insider attacks increasing in afghanistan. one in 50 u.s. and international soldiers killed this year by their afghan partners. it is pop and circumstance for great britain
is not okay. >> we start this morning with breaking news from italy. a massive cruise ship the costa concordia turned on its side after running aground in january. 32 passengers and crew were killed. the captain says it was an accident, not a crime. but he now faces charges. >> the ship's captain is being investigated for manslaughter and abandoning ship. >> he claims he tripped and fell into a life boat. the sentencing of jerry sandusky. >> carol, jerry sandusky will die in jail. >> a judge sentenced the 68-year-old former penn state assistant football coach to at least 30 years in jail after he was convicted of 45 counts of child sex abuse. despite the mountain of evidence against him, sandusky continues to proclaim his innocence. he's in the process of appealing his sentence. >>> number three, the shooting of unarmed 17-year-old trayvon martin. >> my son left sanford, florida in a body bag while george zimmerman went home to go to sleep in his own bed. >> accused gunman george zimmerman claims self-defense in a case that sparked international outrage and ignited racial tensions. the trial i
't affect the millionaires. they had to dial back. in france, of course, in all these countries and italy and other countries excise tax. they went in first. the cuts came after that, whatever meager cuts. that was growth of the growth off the growth. melissa: right. >> the lesson to be learned from europe isn't to be careful on cutting. it is to be careful on hike being, on hiking taxes. the beast is the government, in my opinion here. the beast is the government. you don't reward the beast by giving it more food, more dollars. that's what i near is going on here. melissa: yeah. lori: the president's desire to get rid of the debt ceiling limit at all, what kind of ramifications, what could happen? are we looking at another debt downgrade? a second downgrade could be really, really -- >> here is what i agree with him. this charade we go through every few months on the debt limit. republican presidents, democratic presidents, mark zandi from moody's it does damage our credibility. i agree to something like that. i didn't like fiat saying i will handle the debt thing. that would be like let
. with that singing. >> wa part of italy, do you know? >> cosanza is the town. it's the foot of the boot. >> not a bad part of italy. >> no, there's really not. >> bob, help us here. >> i don't know if i can. >> you've got to. >> rise above, bob. >> just explain the volatility issue at a minimum. where do we go over the next two days of trading? we have today, we have monday and obviously we don't have tuesday. >> well, i don't know that we do a whole lot. i believe markets are just on the sidelines since before the start of the holidays for the most part. i believe there were some people holding out waiting for a fiscal cliff solution. i think we're going over the cliff, but we're grabbing one of those cartoon roots sticking out as we go over it. i think it will be a matter of days before just the political pressure of going over the cliff causes them to do about a 12-month deal. it's just -- i don't know. i hesitate to say the word ridiculous, but it's just ridiculous to watch. so market participants, the short-term market participants are on the sidelines. i think we're looking at about a 12-month
, the latest 10 year bond rate for italy is 4.5% from 2% and the british bonds are only 1.8%. it's the markets account and not the parties that are the problem in the first place. >> put my honorable friend remind us that we do get a daily verdict on the credibility of our economic policy for bond investors borrowing money more cheaply than anyone before us. there's a real benefit for taxpayers and members of the public. we have to say 33 billion pounds in debt interest-free forecast have to pay in 2010. that is more than the entire defense budget. >> when the curators say down on the statement, just like on previous occasions like in 2010, when he made his first state to, it was a totally different story. then in 2010, the promised the deficits and here we are two and half years later and called the national health service. now instead of being a bully that breaks the whole room, now is chancellor the exchequer, it wrecks the economy. >> i'm not sure that warrants a proper reply. [shouting] >> mary mcleod. >> thank you, mr. speaker. 1.2 million jobs created in the private sector. my constitue
. italy will celebrate the new year in five hours. we'll show you other great celebrations we've been watching from around the world. this is victoria harbor. this is in hong kong. beautiful fireworks show. organizers say it was the biggest one ever. watch this. pretty spectacular. another big party. this one is over sydney harbor bridge in australia. the show was huge. we're talking about seven tons of fireworks. check out this. nice. celebration in new zealand. that is auckland sky tower. organizers were worried back weather was a problem but everything turned out just fine. we are watching throughout the world. seoul, south korea, the mayor and others gathering to hit the traditional bell and welcome in the new year. happy new year to many of those around the world. here in the united states new year could usher in a sobering reali reality. we're talking about the major tax hikes for almost every one of us if congress does not reach an agreement on the fiscal cliff. president obama is now scheduled to make a statement about the negotiations. that's going to take place about 1:30 or
, we got a three here. caller: i am about an hour from newtown. italy makes a difference if she did not have her firearms secured. -- it only makes a difference if she did not have her firearms secured. host: thanks for your time. guest: james is right about the issue with serial numbers on various parts. particularly assault rifles and can be reassembled in various ways. there are things that can be done. you can step serial numbers on various parts of the action of the gun. most guns used in crime are handguns. those have less squabble parts -- swappable parts. this point about education, that is certainly right. everyone would be a lot safer if gun owners were required to go through some sort of safety training. a lot of folks to not go through training because there are no rules in most states requiring them to do so. it is very difficult to know whether the person who is purchasing a firearm and knows what they're doing with it and knows how to secure it. that is why a lot of these guns and up being used inadvertently or otherwise in crime or accidental shootings. host:a tweet,
on her face was like, what, i'm in new orleans, he's in italy. are you kidding me? >> we just had fun. ♪ >> high. kick high! ♪ >> new york city! [ applause ] >> the producer at the time said, you know, you play bass. yeah. and somehow they worked it out so i was able to play with captain and toneil. i probably rehearsed that song at home 500 times. ♪ ♪ like you see ♪ >> nobody, not one show, not one person, nobody does halloween the way they do halloween at the "today" show. >> susan boyle! ♪ a dream >> when i get that laughter from the crew like, yes, that was a good one. hopefully the people at home are laughing, as well. ♪ >> you can open your eyes. >> do you have anything that sort of numbs the pain before you do this? >> i can't believe i was that old. and i never had my ears pierced. i was really nervous about doing it on tv. mostly because i was afraid that the person who was doing the piercing was going to get nervous. >> oh! >> did i do it -- >> no -- >> i can't tell you how many times i've said i can't believe they're payneath do this. >> thank you. thank you v
the aviation business of italy's avio for $4.3 billion. ge is trying to expand its participation in the jet propulsion market. they were once owned by fiat and is now controlled by a european private equity firm and research in motion reported a smaller than expected also for its latest quarter. the stock is under pressure as the company saw its first-ever drop in its subscriber rolls and said it would be changing its fee structure. that is something that brings in more than a third of the nephew. it's been seen as the one real stable piece of that business. we do have the ceo thorsten heins. he'll be joining us in just about 30 minutes to talk more about this. >> there's only ten days left now to prevent automatic tack hikes and spending cuts. joining us from washington, republican congresswoman shelly moore capito. were you privy to everything that was happening yesterday? >> i was shocked when we went into the conference at 7:45 and the speaker, after offering this serenity prayer, said merry christmas, you're going home, we're not putting the vote up, we don't have the votes. i was disa
[indiscernible] $750 billion came through and it was more aggressively priced than italy, spain, and portugal. that is where you create economic prosperity. the agencies are doing fantastic stuff but it will not create what we need on that continent. the marginal interventions are not going to create economic growth. we know how to create jobs, so instead of having large subsidy programs, start there. get rid of those programs and we can talk about economic growth. >> you can understand why they are the most prominent voices in the business. >> a look at social media and on line speech. this is half an hour. >> we are going to shift gears a bit. i took my tie off the war earlier this morning. first, there is wifi here. you should log on to the nyu guest account. user name is guest131. password is right there for you. we will talk about the use of social media. it has been on everyone's lips the last couple of years. we have wonderful guests that are known for their engagement with their audience. i predict we are going to hear a little bit of criticism and push back on some of the wisdom of s
Search Results 0 to 31 of about 32 (some duplicates have been removed)